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in that environment, you have -- you have correctly placed your hotels. >> well, it's really interesting for us, our business is so dependent on economic activity, business confidence and consumer confidence. you're exactly right. january in china our rev par numbers with up 6%. that's after a slow down. the government transitions almost behind us, chinese new year will be behind us. china is picking up. latsen america was the strongest growth region, slowed down last year because of argentina. we haven't talked about africa which is another place where global capital flows are coming in in ways we have never seen before. >> let's talk about china for a moment. we see china as having a big year in 2013. a lot of people had penalized your stock, tank it down to the -- well at that point into the 50s because they felt you were overexpanding in china. you're probably as a percentage of what people are putting their capital in the highest of any of the companies i follow in terms of commitment to china? >> well, we're long term bullish on china. today, we have more hotel rooms in china than
in that environment, you have -- you have correctly placed your hotels. >> well, it's really interesting for us, our business is so dependent on economic activity, business confidence and consumer confidence. you're exactly right. january in china our rev par numbers with up 6%. that's after a slow down. the government transitions almost behind us, chinese new year will be behind us. china is picking up. latsen america was the strongest growth region, slowed down last year because of...
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Feb 7, 2013
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many of then banks are not even earning their cost of capital yet in what's not a terrible environment. so, what you go for is compensation. it isn't just bigger than any other expense. for some of these, it's bigger than all the other expenses by some measure. the banks have been taking it down, firing people. that's really a tragedy. tens of thousands of people. and some how we seem to miss this and the tragedy there. they've been taking down compensation and they've been deferring out compensation. now, moving toward bond compensation is actually a very good way of reducing risk. equity compensation, which is what we've moved more towards actually encourages risk, in a way, we've been going in the wrong direction. >> do you think, then, that we need to break up the banks and reverse the demise of that in some way? >> well, i think it's all -- look, there's a lot of talk about breaking up banks. i know bob robin said today not break up then banks. for all these wonderful, esteemed very accomplished gentlemen who were in banking some time ago, they're all coming out with an opinion an
many of then banks are not even earning their cost of capital yet in what's not a terrible environment. so, what you go for is compensation. it isn't just bigger than any other expense. for some of these, it's bigger than all the other expenses by some measure. the banks have been taking it down, firing people. that's really a tragedy. tens of thousands of people. and some how we seem to miss this and the tragedy there. they've been taking down compensation and they've been deferring out...
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we want to create an environment that fosters the creation and subsidizes that great content, and you need great advertising to do that. the kind of advertising that you see in vogue. the kind of advertising that you actually enjoy looking at and that is really beautiful. and so that's what we're trying to do, and we've now generated, you know, millions of dollars for our various publishing partners, and it's just a real win-win situation. liz: i want to let people know that you are in the proverbial garage in palo alto. i have been there as you know. the last time i was there, as you walk in, there's a little sign that says flipboard population back then it was 57. you had 57 employees. what are you at now? have you had to change that sign? >> we do have to amend the sign. we are at now 77 employees. and we've just hired some great new folks i introduced to the team on monday. we hired who was the head of engineering -- who has come on to our head of engineering. we're incredibly excited. >> we're so great to watch you grow. >> it's great to have you be a fan of flipboard. we hope yo
we want to create an environment that fosters the creation and subsidizes that great content, and you need great advertising to do that. the kind of advertising that you see in vogue. the kind of advertising that you actually enjoy looking at and that is really beautiful. and so that's what we're trying to do, and we've now generated, you know, millions of dollars for our various publishing partners, and it's just a real win-win situation. liz: i want to let people know that you are in the...
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Feb 7, 2013
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as we get to a spot of a more normal market environment. >> do you feel they are going more towards etfs than mutual funds because one reason is bob pisani has been hot on this issue is expense ratios are dropping. >> right. we have seen strong flows into mutual funds. almost a record of year last year so i think some advisors and investors are getting into more active managements but we have seen strong flows into etfs as well, which are index tracking products and people use those for different reasons. >> beth, good to have you. thanks for coming. >> thank for having me. >> i wish i add grandpa with a mattress stuffed with cash. how many grandpas really do have mattresses stuffed with cash? >> not enough. >> and i would want them in dollars. >>> a forecast left fuzzy. we are wondering if we will see no snow or three feet of snow. we are looking on the floor of the newsroom. let's get answeres from weather chan's paul goodloe. paul, why is this system in particular so hard it nail down? >> we think we have it nailed down here at weather channel. but over all in terms of snow, you have
as we get to a spot of a more normal market environment. >> do you feel they are going more towards etfs than mutual funds because one reason is bob pisani has been hot on this issue is expense ratios are dropping. >> right. we have seen strong flows into mutual funds. almost a record of year last year so i think some advisors and investors are getting into more active managements but we have seen strong flows into etfs as well, which are index tracking products and people use those...
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Feb 7, 2013
02/13
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what we're doing in this environment, and we did raise a little bit of cash the last couple of weeks just so have some, but focus again back on earnings. earnings are pretty good. earnings running at 5% or so. a little better than expected. i think those are encouraging signs. then you go back to the themes. ly you go to housing, auto, auto parts. you go to the industrials. and particularly, the industrials, those stocks have done really well. go after cummings. go after utx. go after ingersoll grant. find the companies you want that reported good earnings, and that's where you go. >> doc, you've been among the more cautious traders we've had on the show the last several weeks. is this the kind of moment that you had feared, for lack of a better word, that would come in, or do you see this ss an opportunity to put some things to work on the list that you keep. >> i'm still worried about exactly what josh and stephanie and simon talked about as far as the sequestration and when that hits march 1st, if we don't avoid it. so where i thought we would see volatility pick up was midmonth,
what we're doing in this environment, and we did raise a little bit of cash the last couple of weeks just so have some, but focus again back on earnings. earnings are pretty good. earnings running at 5% or so. a little better than expected. i think those are encouraging signs. then you go back to the themes. ly you go to housing, auto, auto parts. you go to the industrials. and particularly, the industrials, those stocks have done really well. go after cummings. go after utx. go after ingersoll...
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it puts pressure not only on our equities, but also on commodities and materials and that is the environment that we are seeing right now. oil pulling back. as far as the major averages, names like caterpillar, hewlett-packard, as i noted energy, exxon is one of the biggest lakers right now. we did cross 14,000. that was our fundamental moment will the move to those highs. melissa: strongly rejecting proposals for direct talks with the united states on a host of issues including the nuclear program. "talks will not solve any problems". iran was pushing for rollback on western sanctions in exchange for some key concessions on its nuclear program. they say the nuclear fuel is for energy reactors. the u.s. is concerned that they will produce weapons grade material. let's head to the pits of the cme and phil flynn. >> very little reaction down here. the very first place you want to look is the ti spread. it has spread out to the largest level of the year. it is possible that part of that could be this story. a lot of people did not hold out a lot of hope for the stocks. the direct talks with the
it puts pressure not only on our equities, but also on commodities and materials and that is the environment that we are seeing right now. oil pulling back. as far as the major averages, names like caterpillar, hewlett-packard, as i noted energy, exxon is one of the biggest lakers right now. we did cross 14,000. that was our fundamental moment will the move to those highs. melissa: strongly rejecting proposals for direct talks with the united states on a host of issues including the nuclear...
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Feb 7, 2013
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in today's environment, there's a tremendous demand for high-quality, cash flow incomes for individuals, for institutions, for pensions, for insurance companies. so we think that if they distributed preferred stock with say a 4% yield there would be enormous demand. share holders that want that stable income could keep it and shareholders that want to own apple for the upside within the operations would continue to simply own the common and they would get a -- be able to take a lot of money off the table by selling the preferred to institutions that want it. >> you are long apple, right? is this all you think they need to do to get this stock moving again. this is a stock that has had quite a fall since its peak back in september? >> very simply put, we think for every 50 billion of prefer they had issue, it would unlock about $32 a share in apple. if apple used about half of their earnings toward this program, we think they would be able to issue approximately $500 billion, which would unlock about $320 per share and that assumes that the pe multiple doesn't expand. >> david, just to n
in today's environment, there's a tremendous demand for high-quality, cash flow incomes for individuals, for institutions, for pensions, for insurance companies. so we think that if they distributed preferred stock with say a 4% yield there would be enormous demand. share holders that want that stable income could keep it and shareholders that want to own apple for the upside within the operations would continue to simply own the common and they would get a -- be able to take a lot of money off...
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Feb 7, 2013
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again, i point out that january, someone back in the retail environment all my life, january, the one month that i don't care about. i care about the other 11. anyway, head to the bond pits, rick san telly, the cme group r. >> yesterday talk about the ten-year note yield, the past year and a half, closing base circumstance in the six basis point range, from 195 basically to 201. really, that hasn't changed, the two-day chart of tens shows you we briefly did trade under 195, use that as the pivot, remember, closed at 176 the end of last year, basically up now 19 to 20 basis points the. might sound like a lot. anybody who traded bonds in a bygone day, know that used to be half a day's range. boone's, 160 as their pivot, very similar pattern. let's switch gears bit. we know the euro a 14-month high against the green back and closer to a three-year high against the yen. doesn't seem like mario draghi's single pillar central bank or not is please about the recent strength. think exports here. his comments? look what they did the euro versus the dollar this chart, look at the euro versus th
again, i point out that january, someone back in the retail environment all my life, january, the one month that i don't care about. i care about the other 11. anyway, head to the bond pits, rick san telly, the cme group r. >> yesterday talk about the ten-year note yield, the past year and a half, closing base circumstance in the six basis point range, from 195 basically to 201. really, that hasn't changed, the two-day chart of tens shows you we briefly did trade under 195, use that as...